Your deposit size doesn't just affect your rate — it changes how deeply the bank (and their insurer) examine your application. Move the slider to see how requirements change.
When you apply for a home loan, the bank doesn't just look at your income — they assess how much risk you represent. The less deposit you have, the more they want to know. Above 80% LVR, a second organisation (the LMI insurer) also reviews your application, and their standards can be stricter than the bank's.
Use the slider to see how documentation and credit requirements change with your LVR.
The bank asks for basic documentation. No insurer is involved. Good credit is sufficient.
Above 80% LVR, a second organisation — the LMI insurer — reviews your application too. Their standards are often stricter than the bank's.
Our tools give you better questions; our brokers give you the answers. Step onto the Pre-Approval Pathway with a free, expert review of your finance needs. They'll help you navigate the fine print so you can shop for your new home with total confidence.
